Title: Top Down Approach Discussion and how to View BPT - Click on Title

Hi Matt/steve, is today highly

Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am

Hi Matt/steve, is today highly likely to be a trend day?

Admin Comments

Posted by matt on 28th of Sep 2020 at 09:41 am

we're experiencing some website issues at the moment on our back end, so I may not post as much until we get that resolved. 

a couple quick things: the open SPY system trade is now NOT looking to exit because a momentum indicator is triggering green. That said I may still opt to close out 1/2 the position regardless, it's something I was looking to add into the systems code anyway. 

regarding the daily KISS stuff, the SPX is showing a buy now on the daily and of course QQQ.  On the 120 min charts price gapped over the ATR indicator, 60 Stochastic has not crossed 50% but is close to testing it

Is the QQQ daily chart

Posted by 24kau on 28th of Sep 2020 at 10:41 am

Is the QQQ daily chart on the Systems section updated for Friday?  How do you tell what the date is on the Tradestation charts?

on Friday's those sometimes may

Posted by matt on 28th of Sep 2020 at 10:52 am

on Friday's those sometimes may not be updated until Saturday.  If there's major changes I would let you know on Friday, if nothing is said then assume there were not urgent changes. You can tell if the chart is updated by looking at the last candle, should be obvious as you know what the market did that day 

Vix is uncorrelated today!! All

Posted by lamb on 28th of Sep 2020 at 10:01 am

Vix is uncorrelated today!! All take heed 1/2 exit might be more than wise!,

The community is delayed by three days for non registered users.

CDE Silver & Gold Stock.

Posted by goldnice on 25th of Sep 2020 at 09:12 pm

CDE Silver & Gold Stock. Weekly Close. Beautiful {C&H} setting up here. You can see that this current correction could be viewed as the {Handle} or {Bull Flag} setting up. $9.26 triggers long. Notice silver is forming a bullish {Triangle} Elliott Wave count. 

TRIN was over 2 earlier

Posted by timebandit on 25th of Sep 2020 at 04:08 pm

TRIN was over 2 earlier and hovered just below that until the slight dip in price at end of day. I am no TRIN expert, but that and HYG had me cautious.

Update on the SPY systems:

so the QE BTS DID NOT generate an exit signal, it was lost by the close.  The Bull Exhaust obviously no changes there.

the Strap sub system did end up closing out. I didn't send trade notifications for those two simply posting for information purposes. The Strap you will see top middle. QE BTS is bottom left, and Bull Exhaust is right side middle

Tick extremes

Posted by matt on 25th of Sep 2020 at 04:04 pm

funny today's afteroon highs stalled right at that TICK extreme generated from Sept 22nd

QQQ observation

Posted by matt on 25th of Sep 2020 at 04:02 pm

showing daily and 120 min KISS. The daily has another vertical line showing up. Otherwise on the 120 min chart, clearly nothing has confirmed there yet ATR is once again near the ATR.  The positive this time is that the 60 Stochastic is much higher than it was on the last test of the ATR etc

also here's the SPX charts

thanks, i think i got

UBX Daily Chart

Posted by imelhoe on 25th of Sep 2020 at 03:59 pm

thanks, i think i got it cos hit and run had it as a pin ball set up to 34 ema



yes that it something to monitor closely for sure

Getting worse!!

HYG still red. All please take notice!!

Posted by lamb on 25th of Sep 2020 at 03:53 pm

Getting worse!!

EDNT Daily Chart

Posted by EdZ on 25th of Sep 2020 at 03:48 pm

PTON looking for another all

Posted by elementsix on 25th of Sep 2020 at 03:46 pm

PTON looking for another all time closing high

It was overbought, pulled back

UBX Daily Chart

Posted by EdZ on 25th of Sep 2020 at 03:41 pm

It was overbought, pulled back to 20dma, and now  produced another buy signal breaking above the doji and 9ema.  I bought more today.  1st target would be the last high, then the gap above.  Will see how price reacts there.  If I get a reversal candle in an overbought condition, far from 9ema then I would probably get out and wait for another entry.  If really strong then it would just continue up closing above the 9ema. 

HYG still red. All please

Posted by lamb on 25th of Sep 2020 at 03:41 pm

HYG still red. All please take notice!!

SPY -  would not be

Posted by roger on 25th of Sep 2020 at 03:36 pm

SPY -  would not be surprised to see this happen.  If a moose can run on water, anything is possible

https://twitter.com/i/status/1308607939620614145

Hi Ed, i had already

UBX Daily Chart

Posted by imelhoe on 25th of Sep 2020 at 03:26 pm

Hi Ed, i had already bot this last week at 3.50 ; where's your profit target and do you expect it to fill the gap?  i might sell covered call on it

ok put on bynd yesterday

Posted by RP on 25th of Sep 2020 at 03:25 pm

ok put on bynd yesterday and iwm calls 50 and bought aapl at open craamer was screaming hav to thank him 1800.00 on 10 calls after reading matt's update took them all off and added to gdx and exk exk upgraded to 7.00 target price..

good hav 10k shares of

ZAGG follow up

Posted by RP on 25th of Sep 2020 at 03:24 pm

good hav 10k shares of that been setting on

INO follow up

Posted by matt on 25th of Sep 2020 at 03:21 pm

been a long idea on the list since last week. I always mention, you can look for early entries vs only taking when resistance is broken. I was looking to buy a break over 18.7 last week which didn't happen but noticed an abc pullback yesterday so took a shot. doesn't look like much but it's up 9% today

also the KISS chart, the BPT MA had come up over the ribbon and had a 1st pinch pullback there, so was lower risk

ZAGG follow up

Posted by matt on 25th of Sep 2020 at 03:15 pm

ZAGG - Chart Link- from Monday's letter, nice up day in the wedge on some expanding vol

SPX 10 with Symmetry

Posted by steve on 25th of Sep 2020 at 02:46 pm

read my comments in the sticky post

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